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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| SAA | Equity Investment Instruments | -26.71% | n/a | 9 | 29-Sep-08 | Prior Holding |
28-Apr-08
ProShares Ultra Bull ETF on S&P 600
Holding Rationale for SAA.
I reentered this position today, based on my system triggering a buy signal. My initial stop is at 49.14. My thinking on all of these leveraged ETF's is the same: take all of the signals, limit my losses when I'm wrong, and hold on until my stops are hit, when I'm right. Although the 2X leverage increases my volatility in the short term, it greatly improves my profitability over a period of weeks and months. I will continue allocating a portion of the portfolio to leveraged ETF's, in both bull and bear markets. Since most of my funds are in an IRA, I can't directly sell short. but when the downturns develop, the bear market versions of these are just what the doctor ordered.
Tagged Stocks: SAA
Posted at 13:00 in Holding Rationales | Permalink | Comments () | Top
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